94.3 Radio One, the radio station owned by Next Radio Ltd, has declared its Q3 audited financials. Next Radio Ltd is the FM radio subsidiary of the listed Next Media Works Ltd.
The revenue for Next Radio Ltd (Radio One) shot up by 25.6 per cent, EBIDTA 42 per cent, profit before tax 167 per cent.
The topline revenue in Q3 (2014-15) was Rs 19.11 crore, up 25.6 per cent from Rs 15.22 crore in Q3 (2013-14). EBIDTA was up 42 per cent at Rs 8.28 crore in Q3 (2014-15) from Rs 5.83 crore in Q3 (2013-14). EBIDTA margin is an industry best figure of 43 per cent in Q3 2014-15 up from 38 per cent in Q3 2013-14. Profit before tax (PBT) was up 167 per cent from Rs 1.75 crore in Q3 2013-14 to Rs 4.75 crore in Q3 2014-15.
The PBT margin has risen from 11.7 per cent in Q3 2013-14 to 24.9 per cent in Q3 2014-15 due to significantly reduced interest rates as a result of business generating substantial amount of cash which has been used to retire debt.
‘The growth engines of our radio business namely highly differentiated and targeted formats for upscale listeners in our seven cities, lowest cost of operation in market, increased yield per hour due to continuous content innovation both on air and digitally and retiring debt quickly due to maximised cash generation continue to help us outgrow the market on margins and profits,” said Vineet Singh Hukmani, MD and CEO of Radio One.
He added, “We are confident of replicating this growth model in the new metro markets that we will acquire in Phase-3 of FM Radio now activated by the Government of India.”